A wave of big office tower tenancies ending as corporates increasingly question how much space they need in a work-from-home world is pushing vacancies higher and piling pressure onto landlords.
More than 14 per cent of Sydney CBD offices are vacant, according to the latest research from real estate firm JLL. In Melbourne, it is 16.2 per cent.
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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com
